Rediff.com India Ltd (REDF) Reports Q3 Loss of $0.07

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Go back to Rediff.com India Ltd (REDF) Reports Q3 Loss of $0.07

Rediff Reports Third Quarter Fiscal 2016 Results

February 4, 2016 7:01 AM EST

MUMBAI, India, Feb. 4, 2016 /PRNewswire/ -- Rediff.com India Ltd (NASDAQ: REDF) ("Rediff" or "the Company"), an India-based internet company which delivers digital content and ecommerce marketplace services, announced today financial results for its third quarter ended December 31, 2015.

Third Quarter ended December 31, 2015 Highlights

Marketplace fee revenue as a share of total revenues grew to 31%, compared to 24% in the corresponding quarter last year. Total revenues of $3.63 million, down 8% year-over-year due to a 6% decrease in the Indian Rupee to U.S. Dollar exchange rate.... More